In co-ownership:

CS CSEET · Business Laws and Management · PYQS · October 2026
In co-ownership:
(A) Co-owner is not agent of other co-owners
(B) Co-owner always shares profits and losses
(C) Co-owner must register firm
(D) Co-owner always has lien on property

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Co-owner is not agent of other co-owners.

Topics: General Law

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